Effort, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Effort Neighborhoods Since 2000




Effort, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Effort Housing Market Information

With 2,214 people, 794 houses or apartments, and a median cost of homes of $176,340, Effort real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Effort, accounting for 91.35% of the town's housing units. Other types of housing that are prevalent in Effort include mobile homes or trailers ( 4.71%), large apartment complexes or high rise apartments ( 2.63%), and a few row houses and other attached homes ( 1.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Effort. Owner-occupied housing accounts for 81.99% of Effort's homes, and 90.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Effort built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Effort built between 2000 and later ( 21.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.81%). There's also some housing in Effort built before 1939 ( 2.85%).

Vacant housing appears to be an issue in Effort. Fully 13.03% of the housing stock is classified as vacant. Left unchecked, vacant Effort homes and apartments can be a drag on the real estate market, holding Effort real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Effort Home Appreciation Rates

Homes have actually lost value in Effort over the last then years, as home values have seen a decline of 29.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Effort home appreciation rates at -0.11%, which equates to an annual appreciation rate of -0.43%.

Over the last year, Effort appreciation rates have trailed the rest of the nation. In the last twelve months, Effort's appreciation rate has been -2.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Effort were at -0.11%, which equates to an annual appreciation rate of -0.43%.

Relative to Pennsylvania, our data show that Effort's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$176,340

Effort, PA HOME PRICES

Value Range
> $1,003,000 0.6
$752,001 - $1,003,000 0.3
$502,001 - $752,000 1.1
$401,001 - $502,000 1.2
$301,001 - $401,000 6.8
$201,001 - $301,000 31.4
$100,001 - $201,000 44.3
$50,001 - $100,000 8.5
$0 - $50,000 5.8

High for PA
High for Nation

Value Relative to Nation Value Relative to State
39.4673620063284 29.1304347826087

Number Of Homes And Apartments:
794

Effort Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.37% 1.13% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,618 / per month

Homeownership Rate

Homeownership
Owners 81.99
Renters 18.01
Vacant 13.03

Housing Market Details

 

Age of Homes

AGE OF Effort HOMES
2000 or Newer 21.9
1970 - 1999 62.4
1940 - 1969 12.8
1939 or Older 2.8

Types of Homes

TYPE OF Effort HOMES
Single-Family 91.3
Townhomes 1.3
Small Apt. Buildings 0.0
Apt. Complexes 2.6
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Effort HOMES
No Bedroom 0.00
1 Bedroom 5.15
2 Bedrooms 2.63
3 Bedrooms 71.30
4 Bedrooms 19.17
5 or more bedrooms 1.75